Private health cover = my peace of mind
So, the private health cover premiums are set to go up on April 1 with an average increase of 5.6% and there’s been a bit of noise about it and whether or not having private health cover is worth it.
Well, from my personal experience, I’d have to say a huge YES, it’s most certainly been worth it for us.
Having a family health insurance policy is peace of mind for me. Yes, we are a very healthy family but guess what? Unexpected things have still happened to us, things that I’m so very glad we didn’t have to sit on a waiting list while we grew sicker and sicker, while stress and emotions increased and while our sons development fell behind.
I think in the past 4 years I can count at least four occasions we’ve used our private health cover for hospital visits. There’s no way our expenses would have been covered if we were to simply save the same amount each month and I’m not prepared to take that risk, even if we are healthy.
Elliott’s severe croup
I’ll never forget the night, Elliott was only a baby and he went downhill very quickly. His cold quickly turned into croup which then turned into a situation where he couldn’t breathe properly. You can just imagine how worried Mr. G and I were.
Elliott was admitted for two nights and we were able to stay with him. What a relief. I’m not sure what would have happened if we did not have the private health cover. Perhaps we would have been sent to another hospital 45 minutes away while our baby was really sick, perhaps we would have just had to wait in emergency? Who knows.
Elliott’s adenoid and grommet surgery
Elliott’s croup was just the start of ongoing issues the poor little might had. He got croup and chest infections a lot more than normal. It was at this point I knew something was wrong and had him checked. It turned out that he had ear problems and due to this, mild hearing loss. No wonder the tantrums!!! It was discovered he’d need surgery to remove his adenoids and insert grommets.
My first miscarriage
And then there was my first miscarriage. The emotions that ran through me that day are still raw, I clearly remember thinking to myself, “so what happens now, my body doesn’t know it’s miscarried, do I wait, what’s going to happen?” I was scared, I didn’t know what was going to happen or when. My obstetrician called and said she could get me in the next day for a curette. To be honest, it was a small relief because I was dead scared to sit and wait for my body to do what it needed to. This is one situation where I was so relieved to have private health cover for this particular surgery. If I didn’t have it, would I have had to wait? The thought of it still makes me feel sick.
So, you can see that these three situations were all very much unexpected, things you just can’t foresee. And that’s what I believe insurance is for, to mitigate the risk of things you can’t foresee.
I don’t doubt that public hospitals couldn’t do these surgeries just as well, but the fact is, for all of these situations, the public system wouldn’t have been available to us when we needed it. We would have had to wait and it would have been horrible, both Elliott and I would have suffered both physically, emotionally and Elliott, developmentally. I especially didn’t want Elliott to suffer, he is my number one priority.
How we afford private health cover
I totally get that private health cover is out of the reach of many, I myself am not happy at how much private health cover is going up, but I also believe there are ways many can afford it which is why I put together 25 ways you can fit private health cover into your home budget.
Compare the Market have also highlighted how a simple switch to things like a new home and contents insurance cover or health insurance cover can actually save you more money than sacrificing the things you love in order to afford private health cover. Check out the comparisons here before you give up your beloved Netflix and morning coffee!
For our family to be able to afford private health cover, we’ve certainly followed some of these tips.
Have you considered ditching your private health cover due to the rising costs?